IBMD Stock Price and Chart — BCBA:IBMD

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IBM shares rose 2.2% to $320.87 after announcing the Quantum Nighthawk processor, which is 30% more efficient than its predecessor, and the Quantum Loon test chip at the conference.

IBM's Q3 earnings reached $16.33 billion, up 9.1% year-on-year, beating forecasts. The AI sector grew to over $9.5 billion, fueled by strong client demand.

IBM's new chip, Nighthawk, is set for release this year and may surpass traditional computers in certain tasks by next year, with collaboration on code sharing for testing.

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About International Business Machines Corporation

International Business Machines Corp. is an information technology company, which engages in the provision of integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other. The Software segment combines hybrid cloud platform and software solutions to help clients become more data-driven, and to automate, secure, and modernize their environments. The Consulting segment focuses on integrating skills on strategy, experience, technology and operations by domain and industry. The Infrastructure segment offers solutions for hybrid cloud and is the foundation of the hybrid cloud stack. Infrastructure is optimized for infusing AI into mission-critical transactions and tightly integrated with IBM Software including Red Hat for accelerated hybrid cloud benefits. The Financing segment refers to the client and commercial financing, facilitating IBM clients’ acquisition of IT systems, software, and services. The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. on June 16, 1911 and is headquartered in Armonk, NY.

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